The link between residents' enthusiasm for their cities and economic growth

Posted by: Prashant Gopal on November 27, 2008

A new Gallup study suggests that cities with loyal, passionate citizens are more likely to be economically vibrant. The three-year study, funded by the John S. and James L. Knight Foundation, surveyed 26 communities and looked at how emotionally connected residents were to their city compared to the GDP growth during the past five years.

“The findings show a significant correlation,” a press release for the study said. “Over three years, the researchers will analyze the trends to prove whether emotional connection drives economic growth, or the other way around.”

Reader Comments

Zulu

November 27, 2008 2:59 AM

Alert - Property Tax Adjusters Inc. is a SCAM

TO California Property Owners:

There is a company called Property Tax Adjusters, Inc. based in San Diego County has been sending out scam letters regarding property tax reduction for a fee of $125.00 in the Silicon Valley (depends on where your property is). The company is NOT affiliated with the county assessor’s office, or ANY government agency. The FACT is that you will never get your money back in case of no service and no tax reduction. This company is a SCAM!

The key thing to note is that as a property owner, there is NO COST for you to directly contact your county assessor regarding a reassessment of your property taxes.
In fact, many counties such as Alameda, Contra Costa, Solano, and San Joaquin are currently doing large-scale evaluation of properties to see whether property taxes will be reduced at no cost to the homeowner.
The Alameda County District Attorney is investigating Property Tax Adjusters, Inc. as well as another company called Connection Plus Inc. of Foster City. While their solicitations may not be illegal.
It is interesting to note that the return envelope provided with Property Tax Adjuster’s mailing is addressed not to a physical headquarters location, but a rented personal mailbox at a UPS Store in the same city as the homeowner to whom the mailing was sent.
Homeowners are best advised to toss this Property Tax Adjusters, Inc. mailing in the trash. There is no need to pay for a service that you can get from the county directly for free.

For more information:

http://www.kcra.com/call3/16042954/detail.html

San Antonio Realtor

November 28, 2008 9:59 PM

I think San Antonio is a perfect example of this study.
San Antonio is one of the most Stable Real Estate Markets in the Nation where the Median Home Price is 149,000 and voted the most friendly city.
This a great place to Buy or Invest in a Home. Look for Homes at
http://www.sanantoniotxrealestateforsale.com/San_Antonio_North_Central_Real_Estate_Listings_or_Homes_For_Sale.html

baydweller

January 14, 2009 5:04 PM

This company "Property Tax Adjusters, Inc." is a scam. They sent unsolicited mails to the California home owners collecting a fee (depends on where you live). Their return mail envelope looks exactly like from the county assessor’s office. They immediately cashed my check, then they said they would not refund my money even I don’t need their “service”. And they will never refund you, it's been almost half a year, they didn't get any property tax reduction for me either. The county offers property reassessment for FREE. I have filed complaint to the Federal Trade Commission. I suggest people who are victim of this scam do the same.

Here are some more information for your reference.

WATCH OUT THIS COMPANY!

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About

BusinessWeek editors Chris Palmeri, Prashant Gopal and Peter Coy chronicle the highs and lows of the housing and mortgage markets on their Hot Property blog. In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. In 2008, Hot Property bloggers finished #1 in a ranking of the world's top 100 "most powerful property people" by the British real estate website Global edge. Hot Property was named among the 25 most influential real estate blogs of 2007 by Inman News.

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